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Automotive News Headlines - Yahoo! News

Automotive News Headlines - Yahoo! News
  • U.S. auto sales in October expected to drop 7 percent: J.D. Power-LMC

    Automobiles are shown for sale at a car dealership in Carlsbad, CaliforniaU.S. auto sales are forecast to drop more than 7 percent in October from the same period in 2015, the sixth monthly decline so far this year, as automakers offer steep discounts and adjust production to manage inventories, J.D. Power and LMC Automotive said on Friday. The two auto industry consultants said October U.S. new vehicle sales will number 1.347 million, down 7.3 percent from 1.453 million units a year earlier. This October has two fewer auto sales days than October of 2015.

  • Qualcomm nears $37 billion deal to buy NXP Semiconductors: source

    A view of one of Qualcomm's many buildings in San DiegoQualcomm Inc is nearing a deal to acquire NXP Semiconductors NV for around $37 billion, a person familiar with the matter said on Friday, as the U.S. company seeks to expand the reach of its chips from phones to cars. The deal would make San Diego-based Qualcomm, which supplies Android smartphone makers and Apple Inc, a bigger supplier to the automotive industry as it grapples with slowing smartphone sales and stiff competition from Chinese and Taiwanese rivals. The acquisition of NXP by Qualcomm for $110 per share in cash could be announced within days, although there is always a possibility of a last-minute glitch, the source said, asking not to be identified because the negotiations are confidential.

  • Court rules against CarMax in fight over vehicle inspections
    SAN FRANCISCO (AP) — A federal appeals court in San Francisco says used car retailer CarMax must tell buyers in California the condition of individual vehicle components it inspects.

  • Motor racing-McLaren boss Dennis says he is not stepping down
    By Alan Baldwin AUSTIN, Texas, Oct 19 (Reuters) - McLaren group head Ron Dennis said he was "categorically" not stepping down after a report on Wednesday suggested he would be leaving his role as chairman and chief executive at the end of the year. The autosport.com website said Dennis, 69, would not have his current contract renewed when it expired. It gave no source for the information but added that McLaren Automotive, the separately-constituted road car division, was not affected by any change of leadership at McLaren Technology Group.

  • Software AG says signed major deal with Bosch
    Software AG signed a major deal with German automotive supplier Robert Bosch [ROBG.UL] at the start of the fourth quarter instead of the end of the third quarter as it had hoped, Chief Financial Officer Arnd Zinnhardt told Reuters on Friday. Software AG earlier disappointed the market with a 9 percent decline in third-quarter license sales at its digital business platform unit, which it sees as its growth engine. Zinnhardt said in an interview two strategic deals had slipped from the third to the fourth quarter - the Bosch partnership and another major order from Italian insurance telematics provider Octo Telematics.

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